Rivian: Don't Sweat The Speed Bumps
- Rivian is focused on long-term growth, aiming to produce over 600K EVs annually by the end of the decade despite current production setbacks.
- Investors should not be swayed by short-term issues; Rivian's retooling and cost-reduction efforts are expected to improve gross margins and profitability.
- The company's production capacity has increased, and new vehicle models like the R2 and R3 will drive future growth and revenue.
- Rivian's current market cap of $10 billion presents a buying opportunity, with significant upside potential as the company scales and improves efficiencies.
Rivian Automotive, Inc. (NASDAQ:RIVN) is busy building an EV brand and platform for the future while investors are trading the stock based on everyday moves. The EV manufacturer has definitely hit some speed bumps this year, but investors shouldn't trade the stock based on short-term details. My investment thesis remains ultra-bullish on Rivian heading towards the business turning gross profit positive, along with catalysts from the expansion of the vehicle line in the next year or so.
Read the full article on Seeking Alpha.
Disclosure: No position mentioned. Please read the disclaimer page for more details.
Comments